Ind. Code § 6-1.1-40-5
"Redevelopment"
As added by P.L.62-1988, SEC.1.
As used in this chapter, "redevelopment" means the construction of new structures, in a district, either:
- (1) on unimproved real estate; or
- (2) on real estate upon which a prior existing structure is demolished to allow for a new construction.
As added by P.L.62-1988, SEC.1.